In the past week, buying activity in the Chinese PPGI spot market has remained on the low side, but at the same time has indicated a slight improvement against the background of some overhaul activity carried out by domestic steel mills. In the last couple of days, major Chinese steel producer Shougang Group has started to increase PPGI deliveries, but distributors are not satisfied with the mill's preferential pricing policy. Meanwhile, on the downstream side end-users are not inclined to conclude purchases at the moment amid current uncertainties.
It is expected that the Chinese PPGI market will not register any big changes in the coming week.